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On March 15, 2018, Bank of America issued 54,000 shares of 5.750% Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series FF for $2.2 billion Dividends are
On March 15, 2018, Bank of America issued 54,000 shares of 5.750% Fixed-to-Floating Rate Non-Cumulative Preferred Stock Series FF for $2.2 billion Dividends are payable samiannually on or about Marth 15 and September 15 Assume the stock was issued at face value. What is the face value of each Series FF share? 10 What will be the total dividend for the year ended December 31/2018, assuming that the number of sharms remains unchanged Enter anwer in millions. Round answer to the nearest million 142 milion
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